“Blawg” is a term used to describe a blog that pertains to an area of law or other legal issue.
Maintained by The Kueser Law Firm
News – Securities Fraud
- How to Score a Foreclosure Fraud Settlement DealLegally, banks stand accused of securities fraud, investor fraud, racial discrimination, tax evasion, defrauding borrowers, and perjury (in the filing of false "robo-signed" documents). Each of the major banks has already settled charges with the SEC ...See all stories on this topic » […]
- BC-US--Securities Fraud-Extradition, 2nd Ld-Writethru,510By CAROLYN THOMPSON Associated Press LOCKPORT, NY (AP) -- A former Las Vegas resident picked up at the US-Canadian border on Nevada securities fraud charges was ordered held for extradition from New York on Monday, after a judge rejected his claim of ...See all stories on this topic » […]
- Ex-Jefferies Paragon Fund Manager Contorinis Ordered to Pay $8.3 MillionContorinis was convicted of securities fraud and conspiracy in a scheme that federal authorities said netted more than $7 million in illegal profits. He is serving a six-year prison term. Sullivan, who also presided at the criminal trial, rejected the ...See all stories on this topic » […]
- Firm running Del. charter school accused of fraud(AP) — A private for-profit company hired by state officials to run the troubled Moyer Academy charter school in Wilmington is the target of a lawsuit alleging federal securities fraud. A lawsuit filed in Virginia alleges that officials with ...See all stories on this topic » […]
- Man faces NY extradition hearing in Vegas fraudAP LOCKPORT, NY — A Las Vegas resident picked up at the US-Canadian border on securities fraud charges is set for an extradition hearing in an upstate New York courtroom. Mark Jones was indicted in Nevada in 2010 on charges he accepted investments ...See all stories on this topic » […]
- Canadian fraud hits foreign marketsAs an example, the report cited the case of former Toronto stockbroker George Georgiou, who was sentenced to 25 years in prison for securities fraud by a Philadelphia judge in 2010 for his role in a multi-million-dollar stock scam.See all stories on this topic » […]
- Alarms sounded on McGinn, Smith years agoEach face 27 felony counts including securities fraud, wire and mail fraud, conspiracy and filing false tax returns. They are also accused of securities fraud in a related civil complaint filed by the US Securities and Exchange Commission in April 2010 ...See all stories on this topic » […]
- Several Cleveland-area accountants, lawyers named in securities fraud lawsuit"The goal of civil litigation is to seek culpable pockets and recover from those pockets," said Frenkel, a partner at Shulman Rogers in Potomac, Md., and a former enforcement lawyer at the Securities and Exchange Commission. Cleveland securities lawyer ...See all stories on this topic »Plain Dealer […]
- Citigroup, Discover Sued Over Student Loan Corp. LossesStudent Loan Corp. in September 2010 told the US Securities and Exchange Commission in a public filing that it was taking a $900 million charge, just days after it announced was being sold, according to the complaint. The lender became a wholly-owned ...See all stories on this topic » […]
- Post-Morrison, State Law Rather Than Federal Supports Claims By Non-US ...Morrison held that Section 10(b) of the Securities Exchange Act of 1934 did not provide a private cause of action in “foreign-cubed” cases—cases where foreign plaintiffs sue foreign defendants for misconduct in connection with securities traded on ...See all stories on this topic » […]
SEC – Press Releases
- SEC Charges Smith and Nephew PLC with Foreign BriberyFOR IMMEDIATE RELEASE 2012-25 Washington, D.C., Feb. 6, 2012 — The Securities and Exchange Commission today charged London-based medical device company Smith & Nephew PLC with violating the Foreign Corrupt Practices Act (FCPA) when its U.S. and German subsidiaries bribed public doctors in Greece for more than a decade to win business. Additional Material […]
- SEC Names Jeanette M. Franzel to the Public Company Accounting Oversight BoardFOR IMMEDIATE RELEASE 2012-24 Washington, D.C., Feb. 3, 2012 – The Securities and Exchange Commission today announced that it has named Jeanette M. Franzel to be a member of the Public Company Accounting Oversight Board (PCAOB). Ms. Franzel, currently a Managing Director of the U.S. Government Accountability Office (GAO) with over 20 years of public service, […]
- SEC Charges Former Credit Suisse Investment Bankers in Subprime Bond Pricing Scheme During Credit CrisisFOR IMMEDIATE RELEASE 2012-23 Washington, D.C., Feb 1, 2012 – The Securities and Exchange Commission today charged four former veteran investment bankers and traders at Credit Suisse Group for engaging in a complex scheme to fraudulently overstate the prices of $3 billion in subprime bonds during the height of the subprime credit crisis. The SEC alleges that […]
- SEC Charges Brothers With Short Selling ViolationsFOR IMMEDIATE RELEASE 2012-22 Washington, D.C., Jan. 31, 2012 – The Securities and Exchange Commission today charged two brothers living in Chicago and New York with naked short selling for failing to locate and deliver shares involved in short sales to broker-dealers. Short sellers sell borrowed shares in hopes of profiting from declining prices. While shor […]
- SEC Charges Former Executives and Accountants With Fraud at British Subsidiary of Medical Devices CompanyFOR IMMEDIATE RELEASE 2012-21 Washington, D.C., Jan. 30, 2012 – The Securities and Exchange Commission today charged four former senior executives and accountants at the British subsidiary of an Indiana-based manufacturer of medical devices and aerospace products for their roles in an accounting fraud that was so pervasive that it distorted the financial sta […]